15% of travellers under 30 don't take out travel insurance when they go abroad, which rises to over 30% for those travelling to Europe. And some countries won't even let you in without travel insurance, such as Cuba, Turkey, Estonia, Latvia, the UAE and Qatar to name a few.
Additionally, 24% of all travellers experienced a loss on their most recent overseas trip that would be covered by most travel insurance policies.
As the SmartTraveller website states, "all travel carries with it inherent risks, even short-term travel to familiar overseas locations for meetings and conferences. Risks from political tensions, civil unrest, fraud, severe weather, natural disasters and security of corporate information exist in countries that are not usually considered dangerous".
What Does It Cover?
Travel insurance gives you the peace of mind should something unexpected happen, including covering your medical bills if you fall sick or injured, evacuation costs, life and disablement cover, trip cancellations, delays, lost luggage, rental car excess, or even natural disasters and terrorism.
If you or your employees need to travel for work, corporate travel insurance can also protect your business from financial loss associated with situations such as overseas health emergencies, flight cancellations or lost and stolen baggage.
Who Does It Cover?
Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen. It also covers your directors and employees, as well as spouses and dependents travelling with them. For frequent travellers, annual travel insurance cover is significantly cheaper than taking out cover for one-off trips.
If you're looking for an insurance quote relating to any personal/private travel matters, we recommend Cover More Travel Insurance.
15% of travellers under 30 don't take out travel insurance when they go abroad, which rises to over 30% for those travelling to Europe. And some countries won't even let you in without travel insurance, such as Cuba, Turkey, Estonia, Latvia, the UAE and Qatar to name a few.
Additionally, 24% of all travellers experienced a loss on their most recent overseas trip that would be covered by most travel insurance policies.
As the SmartTraveller website states, "all travel carries with it inherent risks, even short-term travel to familiar overseas locations for meetings and conferences. Risks from political tensions, civil unrest, fraud, severe weather, natural disasters and security of corporate information exist in countries that are not usually considered dangerous".
What does it cover?
Travel insurance gives you the peace of mind should something unexpected happen, including covering your medical bills if you fall sick or injured, evacuation costs, life and disablement cover, trip cancellations, delays, lost luggage, rental car excess, or even natural disasters and terrorism.
If you or your employees need to travel for work, corporate travel insurance can also protect your business from financial loss associated with situations such as overseas health emergencies, flight cancellations or lost and stolen baggage.
Who does it cover?
Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen. It also covers your directors and employees, as well as spouses and dependents travelling with them. For frequent travellers, annual travel insurance cover is significantly cheaper than taking out cover for one-off trips.
If you're looking for an insurance quote relating to any personal/private travel matters, we recommend Cover More Travel Insurance.
